News & Insights Across Asia
Seven OPEC+ nations, including Saudi Arabia and Russia, will increase oil production by 188,000 barrels per day starting June 2026, signaling a cautious adjustment to global market conditions.
The UAE has announced its withdrawal from OPEC and the OPEC+ alliance, effective May 1, 2026, citing a need for greater flexibility to meet global energy demand.
OPEC+ agrees to boost oil output by 206,000 barrels daily in May 2026 amid Middle East tensions and supply disruptions.
China’s Fuman Oilfield achieves record 4.6 million tonne output, marking breakthrough in ultra-deep energy extraction and domestic production capabilities.
China’s Liuhua Oilfield reaches full secondary production, unlocking 140 million tonnes of reserves and boosting energy security in 2025.
